Mylan Rejects Teva's Unsolicited $40 Billion Bid--4th Update

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Ed Silverman Mylan NV Executive Chairman Robert Coury on Monday issued a stinging rebuke of Teva Pharmaceutical Industries Ltd.'s unsolicited bid, using terms harsh even for the sharp-elbowed world of deal making to explain why the generic-drug maker's board ...

El-Erian Sees Stronger Nations and Corporations Performing Even Better

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Ethan Smith BEVERLY HILLS, Calif.--The global economy is headed for a period of "divergence," in which strong nations and corporations perform even better, while weaker ones fall further behind, two high-profile investors predicted at a conference here on Monday. ...

Indonesia 1Q FDI Falls to $6.57 Billion as Investors Stay Cautious

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By I Made Sentana and Joko Hariyanto JAKARTA--Foreign direct investment in Indonesia slid in the first quarter of the year as investors stayed cautious while waiting for the government to implement programs to make the country more business friendly. The ...

Net trade surplus at SEK 4.2 billion in March

TODAY: April 28, 2015 PUB DATE: April 28, 2015

Statistical news from Statistics Sweden 2015-04-28 9:30 AM Nr 2015:586 Exports, imports and net trade balance, March 2015: Net trade surplus at SEK 4.2 billion in March In March 2015 Swedish exports of goods amounted to SEK 106.8 billion, while ...

Philips Post Weaker Profit Amid Restructuring--2nd Update

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Maarten van Tartwijk AMSTERDAM-- Koninklijke Philips NV on Tuesday posted a 28% fall in first-quarter net profit, hurt by costs related to the separation of its lighting activities, even as it recorded a rise in sales thanks to the ...

LONDON MARKETS: FTSE 100 Slips From Record Ahead Of GDP Report

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Carla Mozee, MarketWatch U.K. stocks fell Tuesday, moving off a record close notched in the previous session, ahead of the release of quarterly growth figures for the country. The FTSE 100 fell 0.4% to 7,073.30, with only oil and ...

World Bank Says India's Economy to Grow 7.5% This Fiscal Year

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Anant Vijay Kala NEW DELHI--The World Bank on Tuesday forecast the Indian economy to grow at 7.5% this fiscal year and said growth is poised to accelerate as policy changes gather momentum. "While data constraints make it difficult to ...

Pfizer Trims Outlook on Stronger Dollar

TODAY: April 28, 2015 PUB DATE: April 28, 2015

Pfizer Inc. trimmed its full-year outlook on Tuesday amid a stronger U.S. dollar and weaker euro, though the pharmaceutical giant posted better-than-expected results in the first quarter on the strength of its new products. For the year, the company now ...

Dong Energy Earnings Weighed Down by Oil Price

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Kjetil Malkenes Hovland Danish utility Dong Energy AS, part-owned by Goldman Sachs Group Inc., Tuesday reported a drop in net profit, as revenue fell due to weaker oil prices and softer European gas and electricity sales. First-quarter net profit ...

BlackRock to Sell Euro Bonds -- Update

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Josie Cox BlackRock Inc. is preparing to sell euro-denominated bonds for the first time, joining a wave of U.S. firms that have already taken advantage of rock-bottom borrowing costs in the region, thanks to the European Central Bank's massive ...

BlackRock to Sell Euro Bonds

TODAY: April 28, 2015 PUB DATE: April 28, 2015

BlackRock Inc. is preparing to sell euro-denominated bonds for the first time, joining a wave of U.S. firms that have already taken advantage of rock-bottom borrowing costs in the region, thanks to the European Central Bank's massive quantitative-easing program. The ...

Pfizer Trims Outlook on Stronger Dollar -- Update

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Chelsey Dulaney Pfizer Inc. trimmed its full-year outlook on Tuesday amid a stronger U.S. dollar and weaker euro, though the pharmaceutical giant posted better-than-expected results in the first quarter on the strength of its new products. For the year, ...

Mexico Plans to Use Excess Funds from Central Bank for Infrastructure

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Anthony Harrup MEXICO CITY--Mexico's Finance Ministry said on Tuesday that it will propose using some $2.1 billion in extraordinary funds from the Bank of Mexico for infrastructure projects in 2016, cushioning the effects that next year's planned budget cuts ...

Petrobras CEO: Asset Sales Won't Reduce Debt Enough

TODAY: April 28, 2015 PUB DATE: April 28, 2015

BRASÍLIA--Brazil's state oil company Petróleo Brasileiro SA will have to carry a heavy debt load for the time being and strengthen governance to mitigate corruption risks, Chief Executive Aldemir Bendine said on Tuesday. Mr. Bendine said that Petrobras' asset-sale plan ...

Canadian Central Banker Sees Recovery in Second Half

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Paul Vieira OTTAWA--Canada's top central banker stuck to his view that a Canadian economy hobbled by low oil prices will expand in the second half, helped by a weaker domestic dollar and accommodative monetary policy conditions. Bank of Canada ...

Shell Faces Pressure to Disclose Priorities

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Justin Scheck LONDON--When Royal Dutch Shell PLC reports quarterly earnings on Thursday, investors will be hoping for some detail on how the company plans to cut spending to weather today's low oil prices--and simultaneously spend huge sums. A poll ...

Noyer: French Economy Must Reform

TODAY: April 28, 2015 PUB DATE: April 28, 2015

PARIS--The French economy could grow over 1.5% next year if the government steps up efforts to make France more competitive, the governor of the Bank of France said Tuesday. "We can get above 1.5% growth next year if we do ...